What is the potential of the capital raised? Run some numbers on 20% - 40% increase in metal whilst assuming similar mix and therefore cash cost. At 100Kt we should see a SP of $1+ and still maintain a very conservative PE of ~ 6. IMO still very cheap and very near term benefit realisation. My only concern is UBS; although I trust they too see a larger profit and will therefore not be a seller of stock at todays prices.
